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and speaker boehner met for the first time in over a month we still appear to be no closer to a deal. but over the weekend, for the first time both sides did seem to be softening the edges of their ideological swords. today in detroit the president continued his campaign-style push for congress to pass tax breaks for those below $250,000 and allow tax breaks for the wealthy to expire. >> a lot of people are putting forth a theory, and i actually think it has merit where you go and give the president the 2% increase that he's talking about, the rate increase on the top 2%. so there is a growing body. actually am beginning to believe that is the best route for to us to take. >> in my view we all agree that we're not going to raise taxes on people who make less than $250,000. we should just take them out of the discussion right now. >> i think if it got to the floor it would carry. >> eliot: as the republicans begin to come around on the tax rates democrats have become open to limited entitlement reform. there is no question that the entimes are a key component of the strength and succe
and speaker boehner met for the first time in over a month we still appear to be no closer to a deal. but over the weekend, for the first time both sides did seem to be softening the edges of their ideological swords. today in detroit the president continued his campaign-style push for congress to pass tax breaks for those below $250,000 and allow tax breaks for the wealthy to expire. >> a lot of people are putting forth a theory, and i actually think it has merit where you go and give...
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. >> woodruff: that downbeat assessment from house speaker john boehner came after he and president obama traded fresh offers this week. >> we spoke honestly and openly about the differences we face. but, the president's calling for $1.4 trillion worth of revenue. that cannot pass the house or the senate. >> woodruff: the president originally sought $1.6 trillion in revenue over 10 years, before lowering his target to $1.4 trillion. the money would come from raising rates on the top two percent of wage earners and curbing loopholes. boehner's counter was little changed-- $800 billion in revenues from closing loopholes and capping deductions, but no rate hikes. republicans have also demanded entitlement reform, and in a tuesday interview, the president would not rule out raising the medicare eligibility age by two years to 67. today, his white house spokesman, jay carney, summed up. >> he is willing to make tough choices and he has made clear and specified the spending cuts he is willing to make and he is willing to go further as part of a broader deficit reduction plan. but he will not ex
. >> woodruff: that downbeat assessment from house speaker john boehner came after he and president obama traded fresh offers this week. >> we spoke honestly and openly about the differences we face. but, the president's calling for $1.4 trillion worth of revenue. that cannot pass the house or the senate. >> woodruff: the president originally sought $1.6 trillion in revenue over 10 years, before lowering his target to $1.4 trillion. the money would come from raising rates on...
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Dec 9, 2012
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you know, one thing about barack obama, he is an excellent speaker. he did this whole thing about the life of julia. remember that one? and it seems like the campaign never ends. when he talks he caulks about christmas and families and stress. i want to call up assad here of john boehner and i want you to compare the two in terms of their language. >> we have a debt problem that is out of control. i believe it's appropriate to put revenues on the table. the revenues on the table are going to come from gets who? the rich? there are ways to limit deductions and close loopholes and have the same people pay more of their money to the federal government without raising tax rates which we believe will harm our economy. >> can i tell you something? that was so boring and so complicated and it didn't speak to me. what spoke to me was christmas, american families and stress. yes? >> that's what obama does. he speaks -- this is the point talking to the country. is he using all of those -- him meeting with the middle class family is kind of absurd. boehner is bo
you know, one thing about barack obama, he is an excellent speaker. he did this whole thing about the life of julia. remember that one? and it seems like the campaign never ends. when he talks he caulks about christmas and families and stress. i want to call up assad here of john boehner and i want you to compare the two in terms of their language. >> we have a debt problem that is out of control. i believe it's appropriate to put revenues on the table. the revenues on the table are going...
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Dec 8, 2012
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. >> the other side of this is the question of whether or not speaker boehner can deliver votes. the thing that a lot of people worry about in private is him and obama will cut a deal in late december negotiations. but boehner has been making tough calls. when it comes down to it he's going to agree to something with the president and it is not going to be able to pass his own conference. do you have any sense of what you think he's able to do and not do at this point? >> we come back again to the entitlement question. it's going to be easier for the caucus to swallow some tax rate increase if they have something to show for it. and the irony here, on a whole variety of issue, the democrats should be in favor of certain kinds of entitlement reforms. it's not actually that big of a give. on social security, as an example, democrats have won for the time being on privatization being completely off the table. there's a strong argument for trying to lock that in now as oppose eed to waiting and having that potentially come back. in addition, one of the big concerns here is doing too
. >> the other side of this is the question of whether or not speaker boehner can deliver votes. the thing that a lot of people worry about in private is him and obama will cut a deal in late december negotiations. but boehner has been making tough calls. when it comes down to it he's going to agree to something with the president and it is not going to be able to pass his own conference. do you have any sense of what you think he's able to do and not do at this point? >> we come...
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president obama and speaker john boehner are talking, signs of progress or more of the same? it worked in the white house, we're pleased to be joined by some economic writer for the "wall street journal." let's start with these comments from a republican from tennessee known to be reasonable suggesting increase the tax rates on the wealthiest 2% to move on and talk about entitlements getting a little it is realistic to see the deal that might alternately happen? >> hi, lori and melissa. do you think you wil you'll havw december 31? i think this thing will stretch out maybe a few hours before plunging off a cliff. lori: anybody who thinks it will be an easy newsday is mistaken. >> you and i talked about it a week or two ago the thing that is amazing is they are not getting closer, they're getting further apart. melissa: at me sitting there for their part? >> i think he is emboldened by the election returns obviously and emboldened by the polls showing public and higher tax rates on the rich that he has become much less willing to compromise and republican sources. the thing th
president obama and speaker john boehner are talking, signs of progress or more of the same? it worked in the white house, we're pleased to be joined by some economic writer for the "wall street journal." let's start with these comments from a republican from tennessee known to be reasonable suggesting increase the tax rates on the wealthiest 2% to move on and talk about entitlements getting a little it is realistic to see the deal that might alternately happen? >> hi, lori and...
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president obama and speaker boehner spoke by phone yesterday for the first time in a week. white house press secretary jay carney i find very interesting refused to characterize the conversation. let's bring in congressman chris van hollen of maryland tonight. good to have you with us. >> always good to when with you. >> you bet. are democrats united on this rate issue? we keep hearing it. now that boehner is starting to move a little bit and say that the money is going to come from the wealthy, yet he hasn't identified these reductions, where do democrats stand on rates? is that the bottom line? the rates have to go up? >> the rates have to go up, ed. it's a matter of simple math, as the president has said. which is why in the house of representatives the democrats filed what's called a discharge petition that would require the speaker to bring to the floor of the house the senate bill, the senate democratic bill that immediately would extend tax relief to all middle income taxpayers and would ask higher income folks to pay more. if we can get about 26 republicans to put t
president obama and speaker boehner spoke by phone yesterday for the first time in a week. white house press secretary jay carney i find very interesting refused to characterize the conversation. let's bring in congressman chris van hollen of maryland tonight. good to have you with us. >> always good to when with you. >> you bet. are democrats united on this rate issue? we keep hearing it. now that boehner is starting to move a little bit and say that the money is going to come from...
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just a short while ago house speaker boehner said he's still waiting on a solid plan from president obama. >> i'm hopeful we can reach an agreement. this is a serious issue. there's a lot at stake. the person people sent us here to work together towards the best possible solution, and that means cutting spending. the president doesn't agree with our approach, he's got an obligation to put forward a plan that can pass both chambers of the congress. >> meanwhile despite all of the back and forth, the market is seemingly optimistic today. at least some form of a deal will be released. we've been up 100 points on the dow industrials for the past hour. senator mark warner of virginia perhaps putting it best saying compared to the size of our economy the current proposals are relatively small and government should step up and get a deal done. >> we're joined by representative lee terry, republican from nebraska represents the district home to a guy we all know, warren buffett. >> pretty famous guy. >> we spoke to some folks already today. we're not hearing many details. what details have you re
just a short while ago house speaker boehner said he's still waiting on a solid plan from president obama. >> i'm hopeful we can reach an agreement. this is a serious issue. there's a lot at stake. the person people sent us here to work together towards the best possible solution, and that means cutting spending. the president doesn't agree with our approach, he's got an obligation to put forward a plan that can pass both chambers of the congress. >> meanwhile despite all of the...
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today we heard president obama's response to the proposal that house speaker john boehner put on the table yesterday. >> the speaker's proposal right now is still out of balance. >> of out of balance. kind of similar to what republicans said last week when the president sent over his terms. so now what? will they sit down and talk it through? well, not according to at least one senior republican aide who told cnn today, no conversations today, no e-mails, tweets, carrier pigeons. as for boehner and obama, they actually did see each other in person at the white house holiday party last night in black tie. while other lawmakers waited in line to get the photo with the president, multiple sources from both sides of the aisle tell cnn that boehner wasn't among them. so much for holiday cheer. we have this picture. we're waiting for the day there's a fiscal cliff. there wasn't total silence in washington today. senate majority leader harry reid spoke up. but in his case, in the form of a swipe. >> i sympathize with john boehner. the key party has a firm grip on the republican party, and t
today we heard president obama's response to the proposal that house speaker john boehner put on the table yesterday. >> the speaker's proposal right now is still out of balance. >> of out of balance. kind of similar to what republicans said last week when the president sent over his terms. so now what? will they sit down and talk it through? well, not according to at least one senior republican aide who told cnn today, no conversations today, no e-mails, tweets, carrier pigeons. as...
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representative marsha blackburn said he will be speaker. eric cantor must have a bigger bitch face than usual this morning. >> oh come on. really? >> stephanie: all right. the president. >> obama: that is something i won't compromise on because i'm not going to have a situation where any wealthiest among us including folks like me get to keep all of our tax breaks, and then we're asking students to pay higher student loans. >> stephanie: robin in arizona. welcome. >> caller: hi. i'm happy for the opportunity to talk to you and the two bears. [ laughter ] >> stephanie: okay. go ahead. >> caller: and when t-bone took my call i said i wanted to speak about the right to work state recently in michigan. i moved from washington state to arizona. clearly i did not do my homework and my husband has lived here for quite sometime and at the time -- this would be nine and a half years ago, there were eighteen right to starve states as we calls them. >> stephanie: yeah. >> and now there are twenty four, and i'm really shocked -- i shouldn't be but i'm
representative marsha blackburn said he will be speaker. eric cantor must have a bigger bitch face than usual this morning. >> oh come on. really? >> stephanie: all right. the president. >> obama: that is something i won't compromise on because i'm not going to have a situation where any wealthiest among us including folks like me get to keep all of our tax breaks, and then we're asking students to pay higher student loans. >> stephanie: robin in arizona. welcome....
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these negotiations between speaker boehner and obama need to beat on c-span. what is said, the american people need to see. it is no good to have secret meetings. there.ave c-span cameras when there is an agreement, put it on line so every american can read it. obama promised big things would be done on c-span. he has the opportunity to make this promise, to keep that commitment. he promised he would put things on line so they could be read before they got voted. as long as americans can read the bill, i think we will avoid raising taxes on the american people. we have to go after the obamacare taxes and get rid of those. host: richard from florida. caller: good morning. you are a popular and you can talk to just about everybody. the office of management and budget' sought a book -- puts ot a book. we could save $900 billion a year getting rid of duplication and fraud and this is in the book. instead of doing all the taxes and other garbage, let's go through this book and do our job. it seems you are the only one they are listening to. sane.is in we give you a
these negotiations between speaker boehner and obama need to beat on c-span. what is said, the american people need to see. it is no good to have secret meetings. there.ave c-span cameras when there is an agreement, put it on line so every american can read it. obama promised big things would be done on c-span. he has the opportunity to make this promise, to keep that commitment. he promised he would put things on line so they could be read before they got voted. as long as americans can read...
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speaker boehner countered with another offer. and lawmakers were expressing pessimism that a deal was close leading kevin mccarthy to say, i think it is getting worse and not better. stock futures are higher as investors wait for news on whether the federal reserve will announce a new stimulus plan today. regulators have launched three rounds of quantitative easing since the crisis hit. ben bernanke will be held in news conference and you could hear live right here on c-span radio. those are some of the latest headlines on c-span radio. [video clip] >> the white house was very controversial. l'enfant designed washington city. there was a competition and he submitted the design for a palace. americans were not having a palace. it was not particularly awe- inspiring. in fact, in 1821, a european diplomat told the congress that it was neither large nor awe- inspiring. but the answer the congressman gave said the building served its purpose. if it were larger and more elegant, perhaps some president would be inclined to become its pe
speaker boehner countered with another offer. and lawmakers were expressing pessimism that a deal was close leading kevin mccarthy to say, i think it is getting worse and not better. stock futures are higher as investors wait for news on whether the federal reserve will announce a new stimulus plan today. regulators have launched three rounds of quantitative easing since the crisis hit. ben bernanke will be held in news conference and you could hear live right here on c-span radio. those are...
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even if there is an agreement between speaker boehner and president obama, it is not clear it will be acceptable. host: david is on the phone from york, pennsylvania, republican line, good morning. caller: i'm calling from arkansas, actually. i am an attorney and i've tried to watch the actions of this president. i take into consideration the books he read and he uses the philosophers who taught him as he grew up. i really believe that based on the way he is trying -- that based on the way he has been trained, i think the president wants to go over the cliff because that will achieve the things he was buried he wants to break up the republican party. he wants to break its back and then he also wants to go over the cliff because he wants to have a financial crisis because if you look at the study, that is the only way he can really achieve the type of social and fiscal non-responsibility he wants to achieve. that is break the back of the economy and then we have a crisis and then he will come in and fix it. it is a very socialist way that will be unacceptable to most americans accept t
even if there is an agreement between speaker boehner and president obama, it is not clear it will be acceptable. host: david is on the phone from york, pennsylvania, republican line, good morning. caller: i'm calling from arkansas, actually. i am an attorney and i've tried to watch the actions of this president. i take into consideration the books he read and he uses the philosophers who taught him as he grew up. i really believe that based on the way he is trying -- that based on the way he...
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again rejected the house republican counteroffer that is on the table. >> unfortunately the speaker's proposal right now is still out of balance. we're going to have to see the rates on the top 2% go up and we're not going to be able to get a deal without it. >> let's hope he sticks to it. >> g.o.p. leaders aren't only dealing with the president and congressional democrats they're dealing with a split within their own ranks. more conservative republicans don't want party leaders to compromise anymore than they think they already have. even though the republican plan offers up $800 billion in new taxes without upping tax rates at all tea party leaders say higher taxes shouldn't be in any form because it is not what republicans stand for. south carolina senator jim demint went so far as to call on supporters of his senate conservative fund to call senate republicans and ask them to oppose what he's calling the boehner tax hike. the looming question for republicans what may be willing to compromise is what's your bottom line? the fallback position that is most likely at this point may tu
again rejected the house republican counteroffer that is on the table. >> unfortunately the speaker's proposal right now is still out of balance. we're going to have to see the rates on the top 2% go up and we're not going to be able to get a deal without it. >> let's hope he sticks to it. >> g.o.p. leaders aren't only dealing with the president and congressional democrats they're dealing with a split within their own ranks. more conservative republicans don't want party...
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even if there is an agreement between speaker boehner and president obama, it is not clear it will be acceptable. host: david is on the phone from york, pennsylvania, republican line, good morning. caller: i'm calling from arkansas, actually. i am an attorney and i've tried to watch the actions of this president. i take into consideration the books he read and he uses the philosophers who taught him as he grew up. i really believe that based on the way he is trying -- that based on the way he has been trained, i think the president wants to go over the cliff because that will achieve the things he was buried he wants to break up the republican party. he wants to break its back and then he also wants to go over the cliff because he wants to have a financial crisis because if you look at the study, that is the only way he can really achieve the type of social and fiscal non-responsibility he wants to achieve. that is break the back of the economy and then we have a crisis. and then he will come in and fix it. it is a very socialist way that will be unacceptable to most americans accept
even if there is an agreement between speaker boehner and president obama, it is not clear it will be acceptable. host: david is on the phone from york, pennsylvania, republican line, good morning. caller: i'm calling from arkansas, actually. i am an attorney and i've tried to watch the actions of this president. i take into consideration the books he read and he uses the philosophers who taught him as he grew up. i really believe that based on the way he is trying -- that based on the way he...
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so that's why we have our speaker, john boehner, trying to present president obama with an alternative that says rather than raising taxes which is already going to happen on january 1 from this massive new tax increase that was in the health care bill, why don't we find a way to understand and have the economy take that in hand first? i know the president stood here at the state of the union address and said we're not going to spend one dime of taxpayer money. i know the president stood here and said every single american can keep your own insurance plan. i know the president has made these promises to the american people and these are things that we're going to have to understand about january 1 next year. and i believe that's why we need to have john boehner be successful and the president to make sure we avoid further tax increases because we already have a massive tax increase that's going to take place. this would in essence be a double whammy, a double whammy on just a fragile economy but an economy that's in far worse shape with a country that's far more in debt and much more a
so that's why we have our speaker, john boehner, trying to present president obama with an alternative that says rather than raising taxes which is already going to happen on january 1 from this massive new tax increase that was in the health care bill, why don't we find a way to understand and have the economy take that in hand first? i know the president stood here at the state of the union address and said we're not going to spend one dime of taxpayer money. i know the president stood here...
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boehner and president obama in 2011. and we know the shape of a likely deal. it would be exactly that. about a 37% tax rate hike for top earners in this country. we know that secretary geithner and president obama have spoken of being open to that idea. and john boehner did himself yesterday, although after he did so in a question and answer period with reporters he then put out a statement saying he wasn't really meaning to open that door. but we know the parameters of a deal. it likely will include some kind of tax rate hike, although not to clinton levels for top earners, and some savings in medicare and medicaid. i think that is the likely shape of the likely deal. >> meredith, louisiana's gop governor bobby jindal wrote an op ed this week. "at present any reading of the headlines over the past week indicates republicans are fighting to protect the rich and cut benefits for seniors. it may be possible to have worse political positioning than that but i'm not sure how" the does this mean gop members are getting it? do
boehner and president obama in 2011. and we know the shape of a likely deal. it would be exactly that. about a 37% tax rate hike for top earners in this country. we know that secretary geithner and president obama have spoken of being open to that idea. and john boehner did himself yesterday, although after he did so in a question and answer period with reporters he then put out a statement saying he wasn't really meaning to open that door. but we know the parameters of a deal. it likely will...
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people trying to enter the middle class. >> stephanie: the president on boehner. >> obama: speaker boehner and i speak frequently. i think the issue -- >> when will the two of you sit down in a room? >> obama: i don't think that the issue right now has to do with sitting in a room. >> stephanie: oh please, how many times do you think that boehner drunk dials the president? i'm so flabbergasted! >> get off the phone! >> john, put the phone down. >> stephanie: he drunk dials him. >> john, get away from the phone. we're not going to let you do this. john, stop it. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and fairy dust. [farting sound] >> stephanie: it is -- >> it is not a secret. we can't say it in public or we'll get run out of town. >> stephanie: harry reid again. >> arithmetic. you can't get from here to there unless you raise the rates. that's why romney couldn't explain it during the presidential election. no one can explain it because you can't do it. it is arithmetic. >> a little animated th
people trying to enter the middle class. >> stephanie: the president on boehner. >> obama: speaker boehner and i speak frequently. i think the issue -- >> when will the two of you sit down in a room? >> obama: i don't think that the issue right now has to do with sitting in a room. >> stephanie: oh please, how many times do you think that boehner drunk dials the president? i'm so flabbergasted! >> get off the phone! >> john, put the phone down. >>...
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president obama getting together with house speaker boehner. no word on progress. >> just want to tell you good luck. >> erskine bowles of the simpson-bowles commission is our guest. he wants both sides to get their act together fast. >> we can't have anyone freak out out there, okay? we've got to keep our composure. we've come too far. there's too much to lose! >> plus, reaction from california republican congressman kevin mccarthy. >> this ain't over yet. >> and who has the best shot at getting twinkies back on the assembly line? we have the latest on the hostess saga as "squawk box" begins right now. >>> and good morning, welcome back to "squawk box" on cnbc i'm joe kernen along with becky quick. erskine bowles. erskine bowles will join us in just a minute of simpson-bowles, bowles-simpson, take your pick. futures right now this morning have been relatively weaker all morning long. things in europe, sort of setting the tone for the markets. here are your morning headlines. the planned resignation of mario monti, the italian prime minister, i
president obama getting together with house speaker boehner. no word on progress. >> just want to tell you good luck. >> erskine bowles of the simpson-bowles commission is our guest. he wants both sides to get their act together fast. >> we can't have anyone freak out out there, okay? we've got to keep our composure. we've come too far. there's too much to lose! >> plus, reaction from california republican congressman kevin mccarthy. >> this ain't over yet....
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i have a letter dated june 25, 2012, addressed to president obama, leader reid, leader mcconnell, leader pelosi and speaker boehner from the partnership for a new economy, signed by the presidents or chancellors of 42 public or private universities. i have a letter to congress from the information technology industry council, the partnership for a new american economy in the united states chamber of commerce supporting stem immigration reform like this bill. i have another letter dated november 15, 2012, to members of congress from the american council on international personnel and the society for human resource management supporting this type of stem legislation. i have another letter dated september 19, 2012, to speaker boehner, leader cantor, whip mccarthy, minority leader pelosi, minority whip hoyer from connect, a u.s. c. san diego commercialization enterprise. i have all these letters and i would ask unanimous consent that they be made a part of the record. the presiding officer: without objection. mr. cornyn: unless i offend my friend at baylor, university, in waco, texas, i did
i have a letter dated june 25, 2012, addressed to president obama, leader reid, leader mcconnell, leader pelosi and speaker boehner from the partnership for a new economy, signed by the presidents or chancellors of 42 public or private universities. i have a letter to congress from the information technology industry council, the partnership for a new american economy in the united states chamber of commerce supporting stem immigration reform like this bill. i have another letter dated november...
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well, with 25 days to go until the year-end fiscal cliff deadline, president obama and speaker boehner spoke on the phone yesterday for the first time in days. both men agreed not to publicly characterize how the conversation went. but the stalemate in negotiations entered new territory yesterday with treasury secretary tim geithner suggesting the white house is ready to go off the cliff if republicans refuse to raise taxes on the 2%. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans -- remember, it's only 2%. the size of the problem in some sense is so large, it can't be solved without rates going up as part of that. again, i think there's broad recognition of that reality now. >> one fallback option republicans are reportedly considering is to accept tax cuts for the middle class, allow rates to go up for the wealthiest, and then start the fight over again during debt limit talks early next
well, with 25 days to go until the year-end fiscal cliff deadline, president obama and speaker boehner spoke on the phone yesterday for the first time in days. both men agreed not to publicly characterize how the conversation went. but the stalemate in negotiations entered new territory yesterday with treasury secretary tim geithner suggesting the white house is ready to go off the cliff if republicans refuse to raise taxes on the 2%. >> if republicans do not agree to that, is the...
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we have just 20 days left for the obama administration and house speaker boehner's office to reach a deal on the fiscal cliff. while talks continue privately between both, no public details of progression toward the compromise have been released. in the last hour, our guest, tony fratto who is the former press secretary and jerry bernstein agreed that we would likely get some sort of a deal, just perhaps not in a form that was widely expected. joining us right now is the first of many lawmakers we'll be speaking with today, texas congressman jeb hensarling who is also the incoming chairman of the house financial services committee. and mr. chairman, first of all, congratulations. >> thank you. good morning. >> good morning. thanks for being with us today. >> happy to do it. >> we hear all of this talk, we hear all the talk that's been leading up to this point. we know it's gone a little quieter at this point. maybe that's a good thing. i also know you've been pretty firm about this. you've said that elections do have consequences. the president is getting his revenues. now he's drawi
we have just 20 days left for the obama administration and house speaker boehner's office to reach a deal on the fiscal cliff. while talks continue privately between both, no public details of progression toward the compromise have been released. in the last hour, our guest, tony fratto who is the former press secretary and jerry bernstein agreed that we would likely get some sort of a deal, just perhaps not in a form that was widely expected. joining us right now is the first of many lawmakers...